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20130104
20130112
Search Results 0 to 12 of about 13 (some duplicates have been removed)
confirming he will be nominated to replace outgoing secretary of treasury tim geithner. but can he get through the senate? that the question. john is here in new york with perspective on that. what do you think, john? >> yes, he can. he is liked across the political spectrum. he is an effective liberal serving tip o'neill in the past. but we know that second term cabinet are beginning to fall into place. we have had the national security members of the team named in the last few days but now jack lew will be named, we expect tomorrow, to replace tim geithner who has been wanting to leave for some time. here is what president obama gets, someone with vast experience in handling capitol hill and dealing with budget negotiations. he's been a part of almost lever r every big budget negotiation the last couple of decades. secondly, someone who will remain part of his inner circle and genial personality. what he doesn't get is the experience tim geithner brought, years of financial regulation. tim geithner headed the bank of new york. he doesn't have the ties to wall street that a wall stree
for a while and he doesn't have the experience in financial regulation that tim geithner brought to the job having head of the federal reserve bank of new york during the financial crisis. but jack lew is expected to be announced today. the pecked speculation about his replacement as white house chief of staff has centered in the last 24 hours around dennis mcdonna. sources tell me that dennis mcdonough is the chief candidate. ron biden has already been a contender. wool see whether the president pairs the announcement of a new chief of staff with jack lew's appointment today. >> so jack lew seems to have the nomination locked up. danny krugman is expected to be looked go ahead at for treasury secretary. >>> still, that's a subject for great discussion. now let's bring you up to speed with the action on today's global markets report. will i sixuan is with us. hi, sixuan. >> thank you, ross. that surprising number in trade data has helped beat sentiment in asia. the sensex index had a fresh 19-month high in trade before closing up .6%. airline stocks on upgrades. the shanghai composite finis
secretary, but what's the future have in store for tim geithner? details ahead. melissa: mcdonalds 2*esing chicken wings in the fast food restaurant. stocks down 73 points issue and the dollar is stronger there versus the euro and the pound. we'll be right back. ♪ ♪ melissa: 21 minutes past the hour. the fox news minute, border tensions rising after pakistani soldiers killed to indian soldiers in the disputed kashmir region. they are accused of disresulting a cease fire held for over a dead. both countries claim the area, but the area is divided between them. former representative giffords, and her husband launching gun control initiatives seeking to reduce gun violence and prevent mass shootings. today the the go year anniversary after a gunman killed six and critically injured give fards. opening an investigation into the death of a lottery winner last summer. after new tests determine he died of cyanide poisenning and not natural causes. the family urged medical examiners to re-examine the case. those are the headlines, back now to melissa and lori. melissa: thank you so much. jack
daley. >> and when tim geithner was picked, having worked closely with hank paulson at the federal reserve bank during the crisis, people were comforted by that. they said, well, maybe he's not so liberal. well, as it happened, larry summers was an advocate of more stimulus than others in the administration. so you can't necessarily read that much. events are going to dictate, i think, whether this president adapts his own view necessary a way that people interpret it as going to the center or not. but for the moment, he knows where he is and where he wants to go. and he's picking somebody who can help them achieve his agenda. >> you know, the thing you point out, that this is a situation where business leaders probably wanted one of their own, they may argue they want somebody in there looking for pro growth policies. but maybe more important is somebody who was very familiar with the financial markets. that was somebody that tim geithner created a lot of confidence because he knew the markets so well, knew the underworkings. and when there were big issues, you knew there was some
remaining stake in gm. >> the president could name a new treasury secretary to replace tim geithner as early as this week. former fdic chair sheila bair is here on what that could mean for the debt ceiling debate. >>> another day, another bank call. this one, though, in the opposite end of the spectrum from what we've gotten recently. credit suisse downgrading bank of america citing valuation cause for concern. pleasure to have you with us. >> thanks for having me. >> seems like the primary driver behind this is the huge run we've seen in bank of america, the fact that right now it's trading at a multiple of 2013 earnings that exceeds jpmorgan as well as citi. does that imply that where citi and jpmorgan are trading, is that where bank of america should be trading? >> no, it's not at all. because bank of america does have a lot of cost reduction opportunities. on 2014 estimates, it's only one multiple point difference than 2 1/2. it narrows over time. but the issue really is, you know, are those cost cuts going to come in a straight line and could there be any interruptions. >> this almost s
answer, because you have seen your name floated out there as a possible successor to tim geithner. >> and the reason i say that is look, i -- i'm 67 years old. i have been gone from home for over a dozen years, doing various public service things. and i have come home, i have got nine grandchildren under seven, and i really want to stay home. so i don't want a full-time job either in the public or private sector. >> one final question, how disappointed were you that the president rejected the simpson-bowles recommendations? >> well, look, i was disappointed at the time. but i came to understand was that his goal was to use it as a framework for his discussions that he had with speaker boehner back in gosh, almost two years ago now. in his first effort to get a grand bargain. he felt that was the best way to be successful. if he had been right, he would have proven to be a political genius. unifor unfortunately, he was not. they didn't get a deal one and i was very disappointed. >> yeah, i think that was an historic moment to get that grand bargain. i know you worked hard on it wit
an ally. hello? ally bank. your money needs an ally. >> all right, so picture this. treasury secretary tim geithner gets the mint to make a one coin, the value, $1 trillion. then he takes that coin over to the federal reserve bank and deposits it. then the government writes checks against that trillion dollars. so that does that mean there's no need to raise the debt ceiling? joining us now to explain it all is deputy editor is the business insider. joe? >> how you doing? >> there's a law that says the treasury secretary can mint a platinum coin, how does that work? >> the treasury secretary does have broad discretion over specifically platinum coinage, the size of it, the denomination and so forth. a lot of people frustrated with the debt ceiling, it looks like the same thing in 2011, second time we don't think the debt ceiling is something to be used for a negotiating point, they're excited this could be a way to get around it. >> we showed that provision there. michelle and i were saying, this reminds us of zimbabwe. wouldn't this cause run away inflation? >> that's what people usually
treasury secretary, tim geithner. we knew he was going to leave. but now, he's saying he's going to leave right after the inaugural and not be around for that confrontation. >> reporter: that's right. not a surprise he's going. but he was going to follow through this fiscal cliff debate. that's only part-over. the debt limit fight's a big one. he'll have a new treasury secretary. it will almost certainly be jack lew, his current chief of staff. so, kind of a shuffling of chairs. but this is the last of the economic team left in the white house, geithner. >> jon karl, thank you very much. looking forward to you joining our powerhouse roundtable on "this week" this sunday. i'll also be interviewing senate republican leader, mitch mcconnell. >>> now, to the growing backlash over the movie "zero dark thirty." the movie chronicles the hunt for osama bin laden. three senators, including the chair of the senate intelligence committee, are now putting pressure on the cia to reveal just how much information it gave to filmmakers. and whether or not the agency deliberately tried to mislead them int
that the fiscal cliff deal is done, financial world looking to tim think geithner, who will step down around the time of president obama's inauguration january 20th even if there isn't a deal to raise the debt ceiling. the 51-year-old has been a key figure in fiscal cliff talks. white house chief of staff yord to be in the lead for that job. >> lawmakers took an oath of office. the house reelected john boehner as speaker. among those sworn in were two from the bay area, jared houghman. the district covers the north coast to oregon border and eric swalwell, representing california's new 15th district, peting incumbent, pete stark. it's expected to be a challenging first few months for lawmakers with several deadlines looming. here in washington it's out with the old, in with the new. do you swear and affirm you'll support the united states of the united states? >> the congress was sworn n it's a diverse gru. there are 81 women in the house and a record number of female senators, 20. age taijing the oath of office, the first hindu member, first butdist senator and first openly gay senator. rep
treasury secretary tim geithner. you can see live coverage on the companion network, c-span. this week at six eastern on c-span2 we are featuring past programs to read to the supreme court justice antonin scalia on the book making your case the art of persuading judges and gives advice to lawyers on presenting oral argument. then at seven eastern it's another programs to convert >> back in the private student lending markets. you saw a lot of families who were not necessarily going to the colleges and another student was going to say in music school i wrote an article about a gardiner who said his son to college, the first in the family to go to college. the dad made about $21,000 a year in family income and he was able to borrow 6 feet to six figures for his son. there was no underwriting. and this lender by the way settled with the attorney general's office because i don't know if you remember, it was called the preferred lender list where the lender's word in some cases accused of pay schools for preferential treatment and for them to sort of steerer students towards a particular lo
secretary tim geithner, expected to leave at the end of the month. what is the administration saying about this search for his successor? they must be racing the clock now. >> that's right, they are. you have the debt ceiling, a battle coming up, there are other economic matters that have to be dealt with over the next few months and it's important for the president to make this election, we expect the president will be making some announcements as early as next week. we reached out to the treasury department yesterday, a spokesperson telling me that treasury secretary geithner will be around until around the inauguration, and that they won't talk exactly about the timing of his departure until a successor is named but no doubt, this is a crucial cabinet position that the president is mulling over while here on vacation in addition to some others as well, such as the cia, and the defense department, victor. >> dan lothian traveling with the president, thank you for joining us for that. let's see how the markets are reacting to the jobs numbers. alison kosik at the new york stock exchange.
that to tim geithner. >> you could have a great year based on currency fluctuation and horrible year based on things out of your control. >> the kinds of things we're selling, a lot of them are long term capital goods. fluctuations day-to-day are not a big impact. large businesses are more impacted by fluctuations. the larger project whether building power plant or airplanes is less impacted. >> are you frustrated in the slowness of getting trade deals done? >> we had three trade deals done and we're now executing them. we had a record deal in c colombia. still banks think of colombia 10 years ago, not 21st century. it's been a strong market for energy and small business. >> where are we in small business? what's the left you'd like to see done? >> free-trade agreements? >> yes. >> i leave that to the trade reps. i think trade agreements are hard to do. look how long it took to get the last three done. they're just really hard to do. there's a lot of discussion. what i'm really focused on is emerging markets where we step in at the export import bank and close those deals. seeing a lot of
Search Results 0 to 12 of about 13 (some duplicates have been removed)